‘Backdating’ Families can Get A Rise in their HMRC Tax-Free Personal Allowance to £14,064
The tax-free Personal Allowance has been stagnant for many years and is expected to stay that way until at least 2028. Except for a sudden change in government policy, the tax-free Personal Allowance has been frozen for several years and is likely to stay that way until at least 2028. Therefore, when wages grow to…